Micron, McCormick, Cintas, CarMax and other stocks investors watch this week

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There are numerous corporate results and economic data releases this week.


IHS Markit

and


Micronic technology

report Tuesday, followed by


Cintas

wednesday and


CarMax

and McCormick Thursday.


Generac Holdings

and


Intuit

also host investor days on Wednesday and Thursday, respectively.

Data released this week includes the Census Bureau’s durable goods report for August Monday. The numbers are considered a decent approximation of business investment. New orders are expected to rise 0.6% last month, after falling 0.1% in July.

Friday’s Bureau of Economic Analysis personal income and expense report is expected to show a 0.3% increase in income and a 0.7% increase in expenses. These would compare with gains of 1.1% and 0.3%, respectively, in July.

Other data released this week includes the Conference Board’s Consumer Confidence Index for September and S&P CoreLogic’s National Case-Shiller Home Price Index for July, both on Tuesday. Finally, the Census Bureau will release construction spending data for August on Friday.

Monday September 27


TotalEnergies

hosts a two-day investor meeting to discuss its energy and strategic outlook. The company recently changed its name from Total to reflect a new push in clean energy and also set a goal of net zero emissions by 2050.

The census office releases durable goods report for August. New orders of manufactured durable goods are expected to rise 0.6% on a month-to-month basis to $ 258.7 billion, following a 0.1% decline in July. Excluding transport, new orders rose 0.5%, less than the previous rate of 0.8%.

Tuesday, September 28

IHS Markit and Micron Technology publish their quarterly results.

secretary of the treasury Janet Yellen gave the keynote address at the 63rd Annual Meeting of the National Association for Business Economics. The theme for this year’s conference, which runs September 26-28, is “Shocks, Changes and the Emerging Economic Landscape”.

The conference council publishes its consumer confidence index for September. The consensus estimate is for a reading of 114.5, roughly even with the August figure.

S&P CoreLogic releases the National Case-Shiller Home Price Index for July. Economists are forecasting a 20% year-over-year jump, which would be the index’s fourth consecutive record monthly increase.

Wednesday 9/29

Cintas publishes its results for the first quarter of fiscal 2022.

Generac Holdings is virtually hosting its 2021 Investor Day. CEO Aaron Jagdfeld is among the members of the management team who will discuss growth opportunities for the company.

The national association of Realtors releases its Pending Home Sales Index for August. Expectations are for a 1% month-over-month increase, following a 1.8% drop in July.

Thursday 09/30 /

CarMax,


Jefferies Financial Group
,

McCormick, and


Paychex

declare the winnings.

Intuit is virtually hosting its 2021 Investor Day.


Novartis

organizes an investor event to discuss its ESG initiatives.

The Institute of Supply Management releases its Chicago Purchasing Managers Index for September. Economists are forecasting a reading of 64.7, about two points lower than the August data.

Friday 1/10

The Bureau of Economic Analysis reports personal income and expenses for the month of August. Revenue is expected to increase 0.3% month over month, while spending is expected to increase 0.7%. This compares to gains of 1.1% and 0.3%, respectively, in July.

The census office reports construction spending data for August. The consensus estimates that construction spending will increase 0.4% month over month to a seasonally adjusted annual rate of $ 1.58 trillion.

Write to Nicholas Jasinski at [email protected]


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